Business
Correction to Announcement
Correction to Announcement.
About this update from Parkmead Group Plc
[{"type":"text","content":"\n Interregnum PLC\n26 April 2006\n\n26 April 2006\n\n\n Interregnum plc\n ('Interregnum' or the 'Company')\n\n\n CORRECTION TO RNS UK NEWS RELEASE DATED 19 APRIL 2006\n\n\nThe announcement of the Company's proposed change of name and revised reduction\nof capital resolution released on 19 April 2006 incorrectly stated the amount\nstanding on the Company's share premium account as at 21 February 2006 as being\n£19,430,946 and at 19 April 2006 as being £21,604,738 and the amount standing on\nthe Company's share capital account as at 19 April as being £12,197,352. The\ncorrect amount standing to the credit of the Company's share premium account as\nat 21 February 2006 was £19,430,496 and at 19 April 2006 was (and as at today's\ndate remains) £23,059,284 and the amount standing on the Company's share\ncapital account as at 19 April was (and as at today's date remains) £16,742,809.\nConsequently, cancellation of the Company's share premium account will result\nin reserves of £1,018,156 which, subject to such protections as the Court may\nrequire in respect of the Company's creditors, will be distributable.\n\n\nPlease find below the full amended announcement:\n\n\n Interregnum plc\n\n\n Proposed Change of Name and Revised Reduction of Capital Resolution\n\n\nInterregnum plc was created and is known as a technology bank. Over recent\nmonths the business has been significantly restructured and its focus\nsignificantly broadened so that it is now working - and intends to work - in a\nrange of sectors.\n\n\nAfter due consideration the Board has concluded that the current corporate name\nis no longer reflective of the Group's new business which is focused on\nbusiness turnaround, principal finance and corporate finance across sectors\nwhich include leisure, manufacturing, aerospace, energy and technology.\n\n\nAccordingly, subject to shareholders' approval at an Extraordinary General\nMeeting to be held on 12th May 2006 at 11.00am at the offices of the Company,\n22-23 Old Burlington Street, London, the Group Board intends to adopt the name:\n'The Parkmead Group plc.'\n\n\nReduction in Capital\n\n\nIn addition, a new resolution will be put to shareholders relating to a revision\nof the planned reduction in capital.\n\n\nShareholders will be aware that on 21 February 2006 a special resolution was\napproved to cancel £17,600,000 of ...